States / Virginia / HB 458

HB 458 In Committee

Income tax, corporate and state; subtraction for broadband grant fund awards.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Income tax subtraction; broadband grant fund awards. Establishes an individual and corporate income tax subtraction for any amount of public grant awards received in the taxable year for the exclusive purpose of planning, constructing, expanding, or improving upon broadband infrastructure and services in the Commonwealth beginning in taxable year 2026.

Chamber
House
Introduced
Jan 12, 2026
Last action
Feb 18, 2026 — Left in Finance
Session
2026
Momentum
28 · Low